French Parliament Proposal: Against Digital Euro, Advocating for 420,000 Bitcoin National Reserve and Euro Stablecoin

1. The French National Assembly passed a resolution explicitly opposing the European Central Bank's proposed digital euro, believing it threatens privacy, economic freedom, and could lead to bank runs, while supporting Bitcoin and euro stablecoins as alternatives.
2. The core of the proposal includes: establishing a national strategic reserve of approximately 420,000 Bitcoins (accounting for 2% of its total supply) within 7-8 years, to diversify foreign exchange reserves and strengthen financial sovereignty. The funding sources include excess energy mining income, confiscated Bitcoins, and some savings funds; promoting the revision of the EU MiCA regulations to support the development of Euro stablecoins and break the pattern where 91% of the global stablecoin market is dominated by dollar tokens.
3. Current Background: The preparation for the digital euro by the European Central Bank is expected to conclude by the end of 2025, with circulation anticipated as early as 2029; France is recently promoting the development of the cryptocurrency industry, such as authorizing banks to provide cryptocurrency services, approving tokenized equity platforms, while also strengthening exchange reviews in preparation for the full implementation of MiCA in 2026.

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